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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (40438)	5/28/2002 1:12:25 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

That strikes me as hogwash. Up until recent weeks, very few thought we had a good shot at breaching the September lows. Geeze Grace, the first half of the NASDAQ decline out of Dec/Jan saw no put buying at all and the volatility indices were going down along with the equities! Got complacency. What's comical is the former unshakable belief that the low was put in. Many now think they will be chart-chasing "tested" only. Yeah, right. When the odds no longer favour it, you know that I will not be caught hugely short. Being wrong happens all the time. It's being stubborn that's expensive.